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Cybeats Technologies Corp. ( (TSE:CYBT) ) just unveiled an update.
Cybeats Technologies Corp. has secured a three-year contract expansion with industrial automation giant Emerson, which will scale deployment of Cybeats’ SBOM Studio platform across additional Emerson business units. The renewal, building on a relationship established in 2022, is positioned as one of Cybeats’ most significant enterprise commitments to date and signals growing traction among Fortune 500 and critical-infrastructure clients as regulatory pressure around software supply-chain security intensifies. Citing independent market research that forecasts rapid growth in the global SBOM market, Cybeats says the deal supports its strategy of targeting large enterprises in North America and Western Europe and underscores the recurring revenue potential of its platform as companies prepare for stricter cybersecurity frameworks such as the EU Cyber Resilience Act.
The most recent analyst rating on (TSE:CYBT) stock is a Hold with a C$0.13 price target. To see the full list of analyst forecasts on Cybeats Technologies Corp. stock, see the TSE:CYBT Stock Forecast page.
Spark’s Take on TSE:CYBT Stock
According to Spark, TipRanks’ AI Analyst, TSE:CYBT is a Neutral.
Cybeats Technologies Corp. faces significant financial challenges, with negative equity and profitability issues being the most critical factors. However, recent corporate events, including strategic appointments and contract extensions, provide some positive momentum. Technical indicators suggest a neutral market sentiment, while valuation metrics highlight caution due to ongoing losses.
To see Spark’s full report on TSE:CYBT stock, click here.
More about Cybeats Technologies Corp.
Cybeats Technologies Corp. is a cybersecurity company specializing in Software Bill of Materials (SBOM) management and software supply-chain intelligence. Its SBOM Studio platform helps organizations identify and manage third-party software components, monitor vulnerabilities, meet evolving cybersecurity regulations, and improve operational efficiency across the software lifecycle, with a particular focus on large enterprise and critical-infrastructure customers.
Average Trading Volume: 250,382
Technical Sentiment Signal: Sell
See more insights into CYBT stock on TipRanks’ Stock Analysis page.